Sixth Street Growth invests in cybersecurity biz; BharCap reveals ARMStrong add-on plans

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Sixth Street Growth invests in cybersecurity biz; BharCap reveals ARMStrong add-on plans

Good morning Hubsters, Craig McGlashan here with the Tuesday Wire.

Growth investing is the opening topic of the day, with Sixth Street Growth buying into a cybersecurity company at a valuation of over $1 billion.

Next, Michael Schoeckspeaks to Bharath Srikrishnan of BharCap Partnersabout his firm’s acquisition of B2B receivable management company ARM Strong and his add-on plans for the business.

Rounding things out, Bain Capital partners Stephen Thomas and Olivia Howard speak toObey Martin ManayitiaboutBain’s partial exit from US LBM to Platinum Equity and how add-ons will remain at the heart of its plans for the buildings material company.

Cybersecurity

We’re opening things today with a big valuation as Sixth Street Growth makes an investment in a cybersecurity company.

Read more in the full version of the Wire.

Rolling on

BharCap Partners, a financial services-oriented private equity sponsor, expects to participate in a few add-on acquisitions for its newly acquired portfolio company ARMStrong Receivables Management, despite its predecessor rolling up nine portfolio businesses, Bharath Srikrishnan, co-founder and managing partner of BharCap told PE Hub’s Michael Schoeck.

Add-on and on and on

Sticking with the add-on theme, Bain Capital and Platinum Equity plan to keep an aggressive M&A approach with US LBM, a building materials distributor, Bain partners Stephen Thomas and Olivia Howard told PE Hub’s Obey Martin Manayiti.

Read more in the subscriber version of the Wire.

OK that’s all from me today. Chris Witkowsky will be with you tomorrow for Wire Wednesday.

Cheers,

Craig

Read the full wire commentary on PE Hub ...

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